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Fraser and Neave reports 12.4% fall in 3Q earnings to $50.3 mil with dairies being key contributor

PC Lee
PC Lee8/7/2018 10:39 PM GMT+08  • 2 min read
Fraser and Neave reports 12.4% fall in 3Q earnings to $50.3 mil with dairies being key contributor
SINGAPORE (Aug 7): Fraser and Neave, the beverage, dairies and publishing company, reported a 12.4% fall in 3Q18 earnings to $50.3 million from a year ago.
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SINGAPORE (Aug 7): Fraser and Neave, the beverage, dairies and publishing company, reported a 12.4% fall in 3Q18 earnings to $50.3 million from a year ago.

If $1.2 billion one-off recognition of fair value reserves in 3Q17 was included, 3Q18 earnings would have fallen 96%.

Revenue for 3Q18 ended June inched up 0.4% to $485 million from a year ago, driven by strong dairies sales and favourable translation effects, negated by weaker soft drinks sales.

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